Gold price fell by Rs 350 to Rs 87,800 per tola

KARACHI: Extending its downward trend, domestic gold price fell by Rs350 to Rs87,800 per tola. 10-gram price of gold slid Rs299 to Rs75,274. The price of the precious yellow metal has registered a cumulative drop of Rs1,550 this week. The drop in gold price is attributed to the Pakistan Stock Exchange (PSC) resuming its upward climb. It is noteworthy that the gold price had registered a record high of Rs89,000 per tola last week.